SEC Begins Exams of Municipal Advisors; Focus on "Identified Risks"
Over the next two years, OCIE plans to examine a “significant percentage" of muni advisors, "establishing a presence" and focusing on risk.
Worries Peak on Puerto Rico Utilities Debt After New Bankruptcy Law
After debt-restructuring bill’s passage, bondholders watch to see if the commonwealth's electric utility will make Tuesday payment; two fund companies sue to declare law unconstitutional.
Forget Meredith Whitney, as Muni Lawyer Predicts New Bankruptcy Wave
Meredith Whitney was taken to task last year after predicting ‘significant’ muni defaults, but public finance lawyer Dubrow says he can see a wave of Chapter 9 bankruptcies coming.
High-Quality Bonds in 2011 Saw Best Performance Since 2002: LPL’s Valeri
High-quality bonds in 2011 posted their strongest returns since 2002, even better than in 2008 when Treasury prices soared, says LPL Market Strategist Anthony Valeri.
Muni Bonds Offer Safe Haven Despite Whitney's Prediction
While Lipper, Morningstar, ICI and BondDesk report different muni fund flow numbers for June, all agree that municipal bond fund sales are thriving.